Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States
IPUPN561720T010000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.97
Year-over-Year Change
74.74%
Date Range
1/1/1987 - 1/1/2022
Summary
This economic trend measures the real output, or production, of the janitorial services industry in the United States. It is an important indicator of activity and productivity in the administrative and support services sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States tracks the volume of goods and services produced by the janitorial services industry. This helps economists and policymakers understand broader trends in the service economy.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the janitorial services industry.
Historical Context
This output trend is used to monitor the health and competitiveness of the administrative services sector and can inform economic and policy decisions.
Key Facts
- Janitorial services account for over 1 million jobs in the U.S.
- The janitorial services industry generates over $60 billion in annual revenue.
- Output growth in this sector can signal changes in commercial real estate and facility management demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted output or production of the janitorial services industry (NAICS 561720) in the United States.
Q: Why is this trend relevant for users or analysts?
A: Tracking output in the janitorial services industry provides insight into the health and productivity of the broader administrative and support services sector, which is an important part of the U.S. service economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of businesses in the janitorial services industry.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this output trend to monitor conditions in the administrative services sector and inform decisions around economic and workforce policies.
Q: Are there update delays or limitations?
A: There may be a several month delay in the most recent data being published, as the underlying survey data is collected and processed.
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Citation
U.S. Federal Reserve, Real Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Janitorial Services (NAICS 561720) in the United States (IPUPN561720T010000000), retrieved from FRED.